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008 101215s2010 xx ||||gr |0|| 0 eng d
100 1 _aDEASON, Jeffrey A.
_943452
245 1 0 _aIntertemporal regulatory tasks and responsibilities for greenhouse gas reductions
260 _aHoboken :
_bWiley-Blackwell,
_cFall 2010
520 3 _aJurisdictions are in the process of establishing regulatory systems to control greenhouse gas emissions. Short-term and sometimes long-term emissions reduction goals are established, as California does for 2020 and 2050, but little attention has yet been focused on annual emissions targets for the intervening years. We develop recommendations for how these annual targets—which we collectively term a “compliance pathway”—can be set, as well as what flexibility sources should have to adjust in light of cost uncertainties. Environmental effectiveness, efficiency, equity, adaptability, and encouraging global participation are appropriate criteria by which these intertemporal policy alternatives should be judged. Limited but useful knowledge about costs leads us to recommend a compliance pathway characterized by increasing incremental reductions along it. This can be approximated by discrete linear segments, which may fit better with global negotiations. Although the above conclusion applies to any long-term GHG regulatory program, many jurisdictions will rely heavily on a cap-and-trade system, and the same pathway recommendation applies to its time schedule of allowances. Furthermore, borrowing constraints in cap-and-trade systems can impose substantial unnecessary costs. To avoid most of these costs, we recommend that sources be allowed early use of limited percentages of allowances intended for future years. We also find that a three-year compliance period can have substantial benefit over a one-year period
700 1 _aFRIEDMAN, Lee S
_943453
773 0 8 _tJournal of Policy Analysis and Management
_g29, 4, p. 821-853
_dHoboken : Wiley-Blackwell, Fall 2010
_xISSN 02768739
_w
942 _cS
998 _a20101215
_b1607^b
_cDaiane
998 _a20101217
_b1539^b
_cCarolina
999 _aConvertido do Formato PHL
_bPHL2MARC21 1.1
_c37810
_d37810
041 _aeng